Donald Trump has called for the deportation of anyone living in the United States illegally, arguing foreign workers hold down salaries and contribute to unemployment.
Jaitley ruled out rollback of one per cent excise on non-silver jewellery saying the levy was not applicable on small traders and artisans and only jewellers with more than Rs 12 crore turnover will attract the duty.
Once fully implemented, the code would seek to speed up debt recoveries and restructurings by setting a deadline of 180 days to decide the fate of a company that defaults.
Jaitley said protectionist tendencies in developed countries were worrisome but all countries look after their own interests in matters of trade
“In Modi’s vision, a leading power is essentially a great power. However, India will only acquire this status when its economic foundations, its state institutions, and its military capabilities are truly robust,” Subramanian said.
Capital flight, at a rate of about $100 billion a month, threatens to deplete China’s hoard of $3.23 trillion in foreign exchange reserves in a couple of years.
It was good to hear the Prime Minister speak in the Lok Sabha last week. Not just because he made a good speech but because we need to hear him a lot more and his rabidly Hindutva ministers a lot less.
“First, India has moved away from being reflexively anti-markets and uncritically pro-state to being pro-entrepreneurship and skeptical about the state,” the survey noted.
The government has lifted a 55-year ban on khesari dal, once considered harmful. Here’s all you need to know about it.
Douglass North emphasised institutions at a time when markets were the focus.
The Prime Minister’s comment comes ahead of the GDP data for the second quarter of FY16 expected this week. India’s economy grew by 7.3 per cent in FY15 and by 7 per cent in Q1FY16.
There is a worrying dearth of Indian economists working on agriculture today.
Punjab is a case study in agricultural and economic mismanagement in India
Factory output climbed to a five-month high of 4.2 per cent in July, with capital goods and manufacturing sectors posting robust growth, corroborating the government’s claim that the economic growth is gathering pace despite the slower-than-expected growth in GDP in the first quarter of 2015-16. The industrial production had grown 3.8 per cent in June. […]
Indebted developers are cutting staff as they slow work on existing projects and postpone new buildings until they clear a backlog of 700,000 unsold homes.